How does $100,000 compare with typical New Jersey incomes and prices?
$100,000 is 99% of the New Jersey median household income. Your estimated 36%-DTI budget of $330,000 is $97,600 below the statewide median home value.
| Scenario | Max price | Monthly payment | Down payment |
|---|---|---|---|
| Conventional, 28% DTI | $253,000 | $2,328 | $12,650 |
| Conventional, 36% DTI | $330,000 | $2,997 | $16,500 |
| FHA, 28% DTI | $246,000 | $2,332 | $8,610 |
| FHA, 36% DTI | $320,000 | $2,994 | $11,200 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Can down payment assistance help in New Jersey?
- NJHMFA Down Payment Assistance Program — Up to $15,000 based on the county of the property
New Jersey cities with a median home value under $330,000
Frequently asked questions
New Jersey's median home value is $427,600. On $100,000 you can afford up to about $330,000 at 36% DTI, so you may need a lower-priced area, a bigger down payment or assistance.
New Jersey homeowners pay a median of $9,541 a year — an effective rate of about 2.23% of home value (Census ACS 2019–2023).
The average HO-3 homeowners premium in New Jersey was $1,551 a year in 2023, according to the NAIC.
Compare home costs in New Jersey
Sources
- U.S. Census Bureau — ACS 2019–2023 5-Year Estimates
- NAIC — Homeowners Insurance Report, Data for 2023 (HO-3 average premium)
- HUD Single Family Housing Policy Handbook 4000.1
Data last updated October 23, 2026.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.